The control room of Euronext, the company that manages the Paris Stock Exchange (AFP/Archives/ERIC PIERMONT)
The Paris Stock Exchange ended down for the fourth consecutive session on Friday, on the same trend since the announcement of inflation figures in the United States on Tuesday and before the meeting of the American central bank (Fed) next week.
The Parisian rating fell by 80.54 points to 6,077.30 points. It lost 2.17% in weekly variation, its fourth week down over the last five.
It falls back close to its September 1 low and has lost 15.04% since January 1.
Since Tuesday’s release of inflation figures for the United States in August, which showed the persistence of a rapid rise in prices to the chagrin of investors, the markets have been anxiously awaiting the Fed meeting on Tuesday and Wednesday.
Operators’ expectations foresee an increase in the key rate between 75 and 100 basis points, in order to increase the cost of credit and counter the overheating of the economy.
This had repercussions on the borrowings of the States, including that of France. French debt with a 10-year maturity had an interest rate of 2.29% (against 2.38% in mid-June, its highest for the year). These are levels most seen since 2014.
“We also have more pronounced signs of an economic slowdown”, develops Quentin Doulcet, manager of Myria AM, citing in particular “the economic warnings of the International Monetary Fund and the World Bank” during the week, or even a deterioration in the States United macroeconomic environment noted by the courier group FedEx (-23% on Wall Street at the time of the close in Paris).
In the United States, consumer confidence picked up a little in September compared to August, but less than expected, due to uncertainty about the evolution of inflation and economic activity, according to the preliminary estimate released Friday by the University of Michigan.
The premium at Bouygues does not go to the stock market
The construction and telecommunications group Bouygues fell 5.30% to 28.76 euros, the day after its announcement to pay its employees paid less than twice the minimum wage a so-called “value sharing” bonus. , between 500 and 1,000 euros, which allows an increase in “the overall salary review” of 6% over one year.
In addition, Barclays bank has revised down several of its outlook for telecommunications groups, but this did not concern Bouygues or Orange (-0.79% to 10.07 euros).
Pierres et Vacances is slipping again
The Pierre et Vacances share price continued to be affected by the finalization of the restructuring of the group, Europe’s number one tourist residence, and lost 23.06% to 0.95 euro per share.
© 2022 AFP
Did you like this article ? Share it with your friends with the buttons below.
